Added: 8 months ago
From: TheYoungTurks
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  • Why would international companies bring their money back to the USA if they were going to have to pay a big tax bill for doing so? We live in a global economy so corporations make decisions based on where in the world they can produce and sell their products, make the highest profit and pay the least taxes. The USA needs to revamp the tax code to make us more competative with tax rates abroad so corporations will not send and keep their money overseas.

  • dammit turks please label your videos so i know not to click on them freaking cheaters. thats like me label a video saying chick with big tits and then when you open i'm trying to sell you some crappy product

  • Why do they need more cash? There's no one left in Washington to buy.

  • FYI-to all you people without jobs, all you people about to lose your homes-listen up. The republicans WANT YOU TO LOSE YOUR JOBS AND HOMES!

    They don't care about you. They know the best way for one of them to win the presidential race is to ruin the ecomomy. They've stated they want to defeat Obama next election at all costs! THIS IS DOCUMENTED! Then, when they get in the white house the very first thing they will do is to CUT TAXES FOR THE RICH! And what about those jobs?...... SUCKERS!

  • "free money to do it" - WTF?

    Since when is EARNINGS OF A BUSINESS - FREE MONEY?

    Unless Uncle Ben gives it to you of-course, from the Fed's discount window. But you have to be in really good relations for that.

  • Never mind 'holidays'.

    There must be no income or payroll or corporate taxes at all.

    0 - is the only correct number.

  • @romanmir01 yeah because traffic lights are overrated.

  • @rafelingd Actually yes. There has been plenty of studies showing that traffic lights and other signals are overrated and removing them helps to reduce road accidents, as people become less cocky and become careful, because they don't know what is happening around them for sure. This removes the false feeling of security and forces people to be careful and accidents in fact do go down.

  • @romanmir01 I would be interested in seeing how that would work out.

  • Is Cenk so stupid that he misses the overriding problem in all of this? The reason the corporations have to keep their money overseas in the first place is because we currently have the highest corporate tax rate of any country in the world. Obama raised taxes on small businesses and job creators as soon as he came into office, and immediately you saw unemployment skyrocket and the economy tank. Honestly, the ideal tax rate for job creators is somewhere between 0-5%.

  • @tehant1liberal

    You're the stupid one here. Cenk even mention at the very start of the video how most of the big corporations pay ZERO taxes.

    Hard to be overtaxed when you pay zero taxes.

    Dumb fuck.

  • WAKE THE FUCK UP CONSERVITARDS! Can't you see how everything you see is exactly the same thing that the richest people & corporations want? Can't you see how the facts are NEVER on your side?

    Fuck these people, so damn retarded they elect people like Ryan & think it's a good idea. Get a fucking grip on reality, & learn to read you ignorant cunts.

  • Yo, TYT Army! Thumbs up if you think Cenk should start to refer to trickle down economics as nothing but "a Golden Shower from the super rich" on national TV.

  • revolution is the only way

  • what a bunch of fools

  • This is what you do, you say if corporations want to sell their products in the US market, they're going to pay a shitload of taxes

  • SQWAAAAAAK BOX

  • OH NO WHAT WILL BECOME OF CREATIONISM?

  • Time to become a corporation.

  • Hey Paul Ryan, Quit Terrorizing People. You God Damn Traitor.

  • I understand Cenk, bu thow about looking at it this way. If they hadn't got that money, they would have probably laid off much more? I don't know.

  • @livingeasi When they get free money they don't need workers ... because they get ... free money.

  • The tax rate doesn't even matter. 66% of corporations paid ZERO taxes in the last fiscal year thanks to loopholes!

  • Us teaparty will do ANYTHING to break the goverment overtaxing, and to break the unions completley. We will go to China, not a DAMN thing you can do!

  • @calimar28 You're an idiot. You clearly are middle class and just trolling. No actual business person would talk like you are. You're probably 13.

  • @yzman123 Nope. I own a buisness and I OUTSOURCED IT. Know why? Because of all the expense having it here...not worth it. The greedy goverment steals buisness' and corporations money, and for what? For never ending wars, policing the world, handing out welfare, bringing in refugees, and more waste.

  • Yes the taxes will be cut. What the F arey ou going to do about it? NOTHING. EIther you give those corporates a huge tax cut, or they go to China. What can you do liberals?

    You libs have soaked the corporations since 1913. Payback time you bastards.

  • Wow you idiots don't understand if we cut taxes so the government gets even more broke and then wreck medicare and social security for the middle class then we create jobs! Right?

  • Cenk you got balls, talking about your employer like that. I guess that's what I like about ya.

  • So what? You can point it out, and rightly condemn it to the hills. It won't change, if anything it will continue to get worse. It's endemic to american politics and culture, the exceptionalism of the corporation. An entity which is fundamentally dangerous if not intelligently refereed. The only way it will change is through a major change in america itself, on many many levels. But given the a priori "we are best" infecting the USA, any change is seen as implying they're not fundamentally best

  • Ya know.... if it were not for the teabaggers who ruined this saying I would yell "no taxation without representation" since as a progressive I am definitely not being represented.

  • fuckin new york times using facts!

  • The CNBC guys are right about one things: corporate taxes in this country are WAY too high. Even most of the Europeans have them at 25% or lower. Make them pay their fair share and 25% is absolutely fine.

  • @gamegeek2 start by closing the loopholes

  • @gamegeek2 Japan is #3 in GDP and they have the highest corporate tax rates in the world. This country has loopholes to get them outta the money they have to pay.

  • @Andy180084 Yeah, but they have a different tax system, union system... You just can't compare a Salarymen to a blue collar... American don't live trough their work. You are expected to do overtime in Japan, and get a drink with worker every night. And Japanesse Salarymen don't say "I'm an engineer for Honda", they say "I'm working at Honda, as an engineer"... Just look on TV, American are not in bushido cute "stuff" like Naruto or Fullmetal Alchemist, they are in Cena & Homer Simpson.

  • @therrydicule "You are expected to do overtime in Japan"

    There are lots of professions where you are expected to do overtime in the US. Most people don't, but it is expected. Some jobs actually forbid overtime for regular employees because they don't want to pay that overtime.

    "American don't live trough their work. "

    We used to.

  • @sc0pl355 It's not the same level of expectation, but not at all. In USA, you are expected to have fun after work... In Japan, there is no such thing as after-work! You work 70 hour a week, it could happen that 10 of them are not paid. Worst, there is the expression "osaki ni shitsurei shimasu" -> Sorry I had to leave before anyone of you, learn to use it daily... Worst, if you quit job before the boss does, you are the equivalent of being a sissy. Have you ever seen any Karoshi in USA?

  • @therrydicule "It's not the same level of expectation"

    School teachers are expected to work major overtime here in the US for the same pay as if they worked only 40 hours a week. My mother is a retired high school teacher, btw. That how salaries work. You are expected to get the job done.

    "if you quit job before the boss does, you are the equivalent of being a sissy."

    Huh? The captain should go down with the ship.

    "Have you ever seen any Karoshi in USA?"

    Do postal workers count?

  • @sc0pl355 You are still comparing apples with oranges.

    American teacher have little or no sens of selflessness work for respect of their boss so he get a raise therefore every member on their team get benefits&honor. Let say it's 5 o'clock, but the boss is still working... Do you&your colleague volunteer to help him finish a task without being paid? And get drunk with them after, getting home at 2am? That's the typical, everyday, salarymen ;) So much that it's stereotypical...

  • @therrydicule "Let say it's 5 o'clock, but the boss is still working... Do you&your colleague volunteer to help him finish a task without being paid?"

    I have done so several times on a few jobs if I had a good relationship with my boss. Tho, I do not drink alcohol. When I worked for Apple, we were expected to stay late and help clean up off the clock and the manager was the last person to leave and the first to arrive.

    I have worked several jobs where I did work that I did not get paid for.

  • @sc0pl355 You might volunteer often, but you don't have peer pressure to do it, and you don't do that everyday.

    Here another thing: not drinking alcohol is unJaponesse - That's a bit like being a revolutionary communist, in USA, you know how Glenn Beck&co would react ;) It's an obligation to drink and get drunk with your colleague once a week in Japan (minimum), and your wife will be piss if you get home "too soon", like 7 pm that's too soon.

  • @therrydicule "but you don't have peer pressure to do it"

    Whaaaaaat? Dude, did you miss the part where I said I used to work for Apple?! Apple! That company is 110% peer pressure and cult mentality to work there. Read up on some people's experiences working there.

    "not drinking alcohol is unJaponesse "

    Yeah, I know, but I do not drink. People think it is strange here too.

    "your wife will be piss if you get home "too soon""

    I can understand that. Looks like you are not fitting in.

  • Oh, btw, the stuff that I did while I was at Apple, or working as a graphic artist for a silkscreen shop among other jobs, were all day to day things.

    Every day, at Apple, I was expected to arrive early for work and clean up before leaving among other tasks that were not in the job description. Every day, while doing seps, I was expected to finish the job before going home without fail I had to sleep over sometimes.

    dammit, continued...

  • hell, look up fredgdperry here on youtube.

    He's a cartoonist that works for a small publisher, Antarctic Press. He's a old friend and former mentor of mine. Last time I checked, he was working on five books and his own animation by hand, all by himself, for his publisher for what amounts to not very much pay. He lives, eats and sleeps his work and has the weight of the entire company on his back because they suck in terms of promoting their wares. He does all of that for his team and friends.

  • @sc0pl355 I did read experience from Apple, because I'm a nerd... And it's truth that there is a lot of peer pressure there ;) But, I did read many more example from Japanese worker, because of school, and,by Japaneses standard, Apple is bellow the median on that point. To give a comparison it will be, in Japan, a team of corporate warrior in a bureaucratic framework that do everything only in one manner vs a band of corporate bureaucrat who want thing done quickly.

  • @therrydicule Well, I wasn't making a claim that a good work ethic is common here or that corporations do anything to inspire loyalty amongst the workers in the US. Things used to be that way a long time ago, but not today. Over here, workers are viewed as disposable commodities. It is hard to convince people to make a sacrifice for the company when they can find themselves jobless despite exemplary performance in their duties because the boss wants a new ivory backscratcher.

  • @sc0pl355 Now, you start to got where I'm trying to go. Japan working environment give more peer pressure, but the job is basically for life, the pay is not that bad and worker&superior take care of everyone&their families together. Now, if a side want to reduce taxes and give many competitive advantage to corporation in america, their must be some discussions on other factors as well to balance out the benefice, and not just financial.

  • @therrydicule Well, american corporations don't have any consideration or loyalty towards their employees. They'll just pocket any gains they get from a tax cut while continually outsourcing labor to china, india and beyond.

    I don't see what benefit there is to be had for the nation by allowing this move.

  • @gamegeek2 you miss the whole point.. the corporations don't want to pay ANY taxes at all

  • @gamegeek2

    In europe they also treat tax evasion and corruption of both government and business more seriously than an unpaid parking ticket .

  • Damn that liberal NBC

  • Paul Ryan is no Libertarian. He's as much a corporate shill as any other rep or senator of either party. They're all bought, just to different degrees by different masters. I see the dems as slightly more socially responsible, but only to a point; they're spineless when push comes to shove.

  • Cenk.

    What we need is a Democrat President, a

    Democrat House, and a

    Democrat Senate.

    They would change things.

    What,

    we had that until the past election?

    Never mind.

  • @bobbytiger Wow you stupid fucks just don't have any understanding of reality at all.

  • I honestly don't know how fuckers like Ryan and the corporate media shills sleep at night. What's the going price these days for someone's soul? A few hundred thousand in campaign donations? A six-figure media salary?

    Damn, I hate these bastards.

  • @xxxxPaladinxxxx There are certain people who just need to die.

  • Here's a plan, throw those bitches in jail for evading taxes just like you would a regular citizen. And thier asses can stay there until they're ready to bring the money back and pay their fare share of taxes.

  • I switched to Bloomberg awhile back, I just could not eat the CNBC bs anymore at least Bloomberg tries to be "hard business news". Even in their daily entertainment section they dont speak this kind of nonsense.

  • TYT - This is an excellent piece. I haven't seen the repatriation vs. lay off numbers elsewhere and they're extremely useful. Great stuff.

  • Paul Ryan is that guy in High School who, when given a little attention, thought he was the shit-- but no one liked him.

  • They want to pay 5%? That's about 6% more than I thought they would want to pay.

  • You know what? I think we should let the repigs do whatever they want for 2 years, let them take the country to a depression. Then you hang them ALL and bring the country back on track.

  • @dagrimmreepa I thought we already tried that with bush, I mean that IS why we are in the situation we are in.

  • @atheistNalabama True, but if Obama had tried all those involved for war crimes and anything else they could drum up, I sincerely doubt things would be the way they are today.

  • If it weren't for Steve Liesman(sp?), it would be a right-wing circle jerk over there at CNBC. I enjoy watching the network as long as certain hosts and commentators give the hard financial news and don't give me their right wing bias.

  • Didn't the rich paying almost no taxes while the poor paid close to all of it lead to the French Revolution.

  • @robertrulebirtannia

    That and King Louis the 15th (who was known as the "Sun King") spent nearly the entire national treasury on building the Palace Of Versailles which Liberace once called "a beautiful place which is more than a little tacky" while most of the peasantry in france was starving when they already had nothing and the French Parliament of the time which was made up of three groups (clergy/nobles/commoners) refused to even listen to the complaints of the people so they rose up.

  • @Hammerhead547 Wow, if Liberace calls it tacky?!

  • I'm a progressive and I want the rich taxed at least 75%, but for corporations I thought if we lowered the rate to 20-25% they would create more jobs, but they have not, the GOP just wants to slowly drop the corporate rates until it's ZERO, the same they want to do for the rich. This is a recipe for economic disaster and a permanent broken government. We must hit corporations and the rich hard until it gets through their selfish brains that WE are right and they are WRONG.

  • Here's a novel idea, how about we do away with off shoring. To paraphrase Boogie Nights.

    America: You're not the boss of me, Jack. You're not the king of America. I'm the boss of me. I'm the king of me. I'm America. I'm the star. It's my big dick and I say when we roll.

  • @Jadguy24 Unfortunately America has snorted too much coke, trashed it's car and is now reduced to sucking China's cock for cash.

  • Fuck I love the way he says "SQuaawk box!". It's so infantile yet I somehow didn't mind.

  • What happens if we drop the rate to 25%. That's not gonna change a damn thing except the number in this "argument" from 25% to 20%... then 15%... then 10%...

  • I used to like Joe Kernan. I have been a fan of CNBC since it began. Not lately, however. Kernan's blatant right wing idiotic dogma is a turn off. I watch Bloomberg in the mornings when Kernan is on. It's too bad, because there are other CNBC people that are actually non-partisan and don't think global warming is a hoax.

  • I used to like Joe Kernan. I have been a fan of CNBC since it began. Not lately, however. Kernan's blatant right wing idiotic dogma is a turn off. I watch Bloomberg in the mornings when Kernan is on. It's too bad, because there are other CNBC people that are actually non-partisan and don't think global warming is a hoax.

  • all you have to do is threaten to stop all military contracts that are held by these corporations.

  • Cenk actually mentioned GE. Congrats.

  • I can't even stand to look at Paul Ryan or listen to his voice. I try to stay informed but it's hard to watch hime comment on anything.

  • China has one of the highest tax rates for foreign business companies in their country, Germany, and South Africa do as well... So how in the world does America have the Highest when its a known fact that we have the lowest.... and people keep falling for this shit!

  • *sigh* What's the point anymore? Might as well become a 1930's tramp.

  • Someone should kill Paul Ryan

  • fucking idiots...are they fucking cut subsidies...tax breaks...fuck...if the gov raise taxes they would just pay ...because you just needed to threaten taking their company out of the us market...no matter what company it would be they would pay...because they would lose of lot of revenue if the gov banned their acess to the us market...

  • @buakawkaoklai If some of those companies got out of the US market, then all their competitors would wet their pants with excitement.No matter how badly the American economy is doing right now, it is STILL the largest economy on this planet. Nobody is withdrawing anything, unless they are losing massive amounts of money anyway.

  • @dangerouslytalented ..yes it is...that why they would pay taxes no matter how high they might to get privilege to acess to largest market in the world...but they bought the two parties for cheap...

  • Higurashi Night of Nights

  • There is already an historic amount of corporate money on the sidelines in the US. Cash flow is not a problem currently. Multi-national corps do not care about the US economy(by design) and hoping they will do anything to help it is just plain stupid.

  • @finerbiner The biggest problem for corporate management at the moment money wise is that they have to find new ways of funneling it into their own pockets. Because the billions they are paying themselves is clearly not enough.

  • @finerbiner of course they don't. They're not supposed to care unless it's about making a profit. I'm still trying to figure out why that concept is so hard to grasp for most people in the US. You're not far less intelligent or educated or anything. I mean why expect things of corporations that are going to make them less profitable right? That's where the government is supposed to come in and set guidelines and rules and regulations. For some reason that doesn't seem to be happening though :S

  • @XxXmizzshottaXxX Yes, Govt regulation ideally would marry corporate profits and economic prosperity while respecting our natural resources. What did I write that made you think I believed anything else?

  • @finerbiner nothing, nothing.....I was agreeing with you and elaborating on your comment, bc I thought you made a great point. I was afraid it might look like I misunderstood what you wrote, sorry about that.

  • @XxXmizzshottaXxX Cool Peace!

  • The Rock: "Paul Ryan, you can take your fucking Squawk Box turn it side ways and stick it straight up your candy ass!"

  • Redistribute the wealth willingly

    You had better do it

    You can redistribute the wealth a LITTLE to satisfy the poor

    Or they could just kill all of you (I'd prefer that)

  • A job is a privilege you should pay to work.

  • SQUAWK BOX! lmao cenk

  • Cenk, you might want to get more details on that Dell plant in Winston-Salem, NC. I live Only about 20 minutes away from Winston, They laid off and shut that plant down a couple years ago. It didn't even make close to 5 years and ended up costing Winston-Salem and the state as a whole thousands of jobs and millions of dollars.

    Please guys, get this message through to TYT, Dell royally screwed us around here, they kept no promises at all.

  • @crymsonomega Make a video response...

  • @crymsonomega

    There is a deal plant in the US? Every time I contact the tech support. I get someone in India.

  • @crymsonomega They did the same in Limerick.

  • nothing makes any sense to me.

  • IT'S MY MONEY!!!!!, AND I NEED IT NOWWWWW!!!

  • For every bill, Hewlett lays off bill.

  • Yep, best way to find yourselt at the end of a pitchfork is to ignore the middle class.

  • I think everyone knows a douche that was like Paul Ryan in high shool. No one really bought his bullshit then, but somehow they elect him...

  • I wanna take Paul Ryan and Glenn Beck and beat their heads together until all the until they're just steaming piles of horse shit.

  • ...my ass it creates jobs.... :D

  • @travelingman1605 Cenk's toilet cleaning lady can vouch for that ;)

  • @mojorhythm hah

  • Paul Ryan supports the rich's caste society. A society which only the rich can have and the poor provide. Take the money from them and fine them on top of that for tax evasion. Even better, seaze the company from them for holding our country hostage.

  • Here's how you REALLY repatriate the money:

    Threaten to get rid of ALL business deductions, tax credits, etc. UNLESS they bring that money back home. THEN they'll fucking get busy.

  • OR they could try to take 100% of their business operations to ANOTHER country, but I don't think they wanna take that risk.

  • @whoo689 ... and government/military contracts.

  • @whoo689 I agree... except the businesses already bought out the politicians. So who's going to make a threat like that?

  • Where's MY tax holiday, Paul Ryan???

  • @deanlowe You only get a tax holiday if you don't need it. Duh! Don't you know anything?

  • @deanlowe

    How much are you willing to give him?

  • Paul Ryan is a pair of clown shoes

  • Comment removed

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